Next Friday, you plan to sell cakes at a bake sale to raise money for your school. You plan to charge $30 per cake, and you anticipate that you will sell 10 cakes You can either purchase cakes to sell or bake them yourself. If you purchase the cakes, they will cost $19 each. If you bake your own cakes, your cost depends upon the number of cakes you bake, as shown in the table below Number of cakes you Total cost of baked bake cakes (5) 0 1 2 3 4 Bake 5 6 7 8 9 10 0 10 22 36 52 70 90 112 136 162 190 a. How many cakes should you bake? How many cakes should you purchase? Instructions: Enter your answer as a whole number. cake(s) and purchase cake(s) b. Given your answer to part a, how much in total will the 10 cakes cost you? Instructions: Enter your answer as a whole number. $ c. How much would it have cost you to bake all 10 cakes? Instructions: Enter your answer as a whole number. $ d. How much would it have cost you to purchase all 10 cakes? Instructions: Enter your answer as a whole number.

Next Friday, you plan to sell cakes at a bake sale to raise money for your school. You plan to charge $30 per cake, and you anticipate that you will sell 10 cakes You can either purchase cakes to sell or bake them yourself. If you purchase the cakes, they will cost $19 each. If you bake your own cakes, your cost depends upon the number of cakes you bake, as shown in the table below Number of cakes you Total cost of baked bake cakes (5) 0 1 2 3 4 Bake 5 6 7 8 9 10 0 10 22 36 52 70 90 112 136 162 190 a. How many cakes should you bake? How many cakes should you purchase? Instructions: Enter your answer as a whole number. cake(s) and purchase cake(s) b. Given your answer to part a, how much in total will the 10 cakes cost you? Instructions: Enter your answer as a whole number. $ c. How much would it have cost you to bake all 10 cakes? Instructions: Enter your answer as a whole number. $ d. How much would it have cost you to purchase all 10 cakes? Instructions: Enter your answer as a whole number.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section: Chapter Questions

Problem 6PA

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